Weaker Greenback Leaves Door Open for the Fed - Scotiabank Derek Holt, Research Analyst at Scotiabank, suggests that there are thought to be two main impediments to the Fed hiking in the near-term including the higher odds of a hike this week than markets are pricing...
NZ Dollar Slides Against Most Majors The New Zealand dollar weakened against most major currencies in the Asian session on Tuesday. The NZ dollar fell to a 5-day low of 0.6644 against the U.S. dollar, from yesterday's closing value of 0.6673...
Australian Dollar Falls Against Majors The Australian dollar weakened against the other major currencies in the Asian session on Tuesday. The Australian dollar fell to 4-day lows of 0.7479 against the U.S. dollar, 85.04 against the yen and 1...
AUD/USD Sellers in Control post-RBA minutes, Below 0.7500 The AUD/USD pair extends losses for the second straight session this Tuesday, moving further away from eight month tops reached the day earlier, after the RBA minutes was read a tad more dovish than expected...
BOJ Preview: What to Expect in USD/JPY? Most market participants are expecting the Bank of Japan to leave its monetary policy unchanged today, following the dramatic and unexpected decision to set a negative interest rate program in its last meeting...
USD/JPY: Yen Better Bid Heading into BOJ Decision The JPY bulls fought back complete control and now defend mild gains versus the greenback post-China open, with USD/JPY once again sold-off near 114 handle. USD/JPY drops sharply to 5-DMA at 113...
Currency Snapshot (Major Pairs) Dollar index trading at 96.55 (+0.39%) Strength meter (today so far) – Euro -0.34%, Franc -0.82%, Yen +0.12%, GBP -0.31% Strength meter (since last week) – Euro -0.34%, Franc -0.82%, Yen +0.12%, GBP -0.31% EUR/USD –...
EUR/USD Holding on to 1.1100 The single currency remains unable to gather traction on Monday, relegating EUR/USD to the 1.1100 neighbourhood following the NA open. EUR/USD weaker on USD-buying Despite the prevailing selling interest, the pair manages quite well to keep the 1...
USD/CAD keeps highs near 1.3290 The greenback is recovering part of its shine vs. its Canadian peer on Monday, lifting USD/CAD to test daily highs near 1.3290. USD/CAD rebounds from 1.3210 Spot has managed to regain the 1.3200 handle after dropping to fresh multi-month lows in sub-1...
Euro Weakens Against Majors The euro declined against its major rivals in European deals on Monday, as Eurozone bond yields fell after anti-euro party, Alternative f...
EUR/USD Trims Losses as Weak Oil Weighs Over US Stock Index Futures Oil driven losses in the major US equity index futures helped common currency regain poise, thus ensuring the EUR/USD pair recovered losses to trade largely unchanged on the day around 1.1030...
Canadian Dollar Edges Down Against Most Majors The Canadian dollar weakened against most major currencies in the early European session on Monday. The Canadian dollar fell to 1.3256 against the U.S. dollar and 1.4795 against the euro, from early highs of 1.3211 and 1.4720, respectively...
EUR/USD on the Back Foot on Signs of Risk-on in Equities The EUR/USD now trades largely unchanged on the day as signs of risk-on the European equity futures strengthened offered tone around the funding currency EUR. Rejected at 23.6% Fibo The spot was offered after it failed to sustain above 1...
NZD/USD to be Lower by Mid-2016 - Westpac Imre Speizer, Research Analyst at Westpac, notes that last week's RBNZ rate cut was a major factor in significantly weakening the NZD against the AUD while the NZD/USD, on the other hand, is being propped up by global factors...
Greenback's Tone Sours - BBH Research Team at BBH, suggests that the reversal of the US dollar's gains half way through Draghi's press conference has undermined the near-term technical tone. Key Quotes “The risk is on the downside, at least in the first part of the week, ahead of the FOMC meeting...
AUD/JPY Hits Multi-Week Highs Beyond 86 Handle The AUD/JPY cross surges to the highest levels since Jan 29 in the Asian morning this Monday, extending gains into a fourth consecutive week. AUD/JPY aims for 200-DMA at 87.18 Currently, the AUD/JPY pair trades 0.30% higher at 86...
EUR/USD Regains 1.1150 Amid Risk-on, EZ IP Eyed Having peaked just shy of 1.12 barrier in the last US session, EUR/USD extends its gradual descent in Asia Monday, as the price continues to consolidate post-ECB gains ahead of the Fed outcome. EUR/USD fresh bids emerge near 1...
AUD/NZD Back Above 1.12 Mark, Good to Buy on Dips Pair is currently trading at 1.1230 levels. It made intraday high at 1.1232 and low at 1.1205 levels. Intraday bias remains bullish for the moment. On the downside, key support level falls at 1.1060 levels...
Singapore Dollar Fails to Sustain Below 1.36, Intraday Bias Remains Bullish USD/SGD is currently supported above 1.3700 levels and trading around 1.3736 marks. It made intraday high at 1.3750 and low at 1.3710 levels. Intraday bias remains bullish till the time pair holds key support at 1...
